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blsea [12.9K]
3 years ago
8

Fit & Slim (F&S) is a health club that offers members various gym services.

Business
1 answer:
Hoochie [10]3 years ago
6 0

Answer:

a. they are separate performance obligations

normal price of annual membership = $1,140

one yer enrollment in yoga = $600 x (30% - 10%) = $120 x 50% = $60

total $1,200

% of price allocated to:

annual membership = ($1,140 / $1,200) x $1,100 = $1,045

discount voucher = $1,100 - $1,045 = $55

b. the journal entry should be

Dr Cash 1,100

    Cr Unearned revenue, membership fees 1,045

    Cr Unearned revenue, discount voucher 55

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g "The cost of salaries paid to employees who work in a factory maintaining the heating system is considered:"
Doss [256]

Answer:

Factory overhead

Explanation:

FACTORY OVERHEAD can be defined as the costs which are often incurred during the manufacturing process and they don't include the costs of direct labor and the costs of direct materials which is why FACTORY OVERHEAD are often aggregated into the cost pools as well as been allocated to units produced during the manufacturing period.

In order word FACTORY OVERHEAD can be seen as the total cost which is been involved in operating all of the production facilities of a manufacturing business in which they cannot be traceable directly to a product and it also include the cost of salaries which is been paid to employees who work in a factory .

6 0
3 years ago
You own a bond that has a 6 percent annual coupon and matures 5 years from now. You purchased this 10- year bond at par value wh
lubasha [3.4K]

Answer:

b. The current yield is 6 percent.

Explanation:

Using a financial calculator, input the following to find the price of this bond today;

N= 5

FV = 1,000

I = 5.8%

Coupon payment; PMT = 6%*1000 = 60

then compute price; CPT PV = 1008.47

Current yield = Coupon PMT / Current price

Current yield = 60/1008.47 = 0.059 or 6% rounded to the nearest whole number. This makes choice B correct.

7 0
4 years ago
Action Aaron McKinney is a cost accountant for Majik Systems Inc. Martin Dodd, vice president of marketing, has asked Aaron to m
Lilit [14]

Answer:It will not be ethical for Aaron to attend the meeting and share relevant cost data

Explanation:

Sharing of the relevant cost data will enable the competitor to have a good idea of what goes into Aaron production and it's pricing policy which may be use to the advantages of the competitor.

Furthermore there is no law that protect a firm from his competitor abuse of information obtain through mutual consent.

3 0
3 years ago
A(n) ________ in the liquidity of corporate bonds will​ ________ the price of corporate bonds and​ ________ the yield on corpora
Fed [463]

Answer:

An <u>increase</u> in the liquidity of corporate bonds will <u>increase</u> the price of corporate bonds and <u>decrease</u> the yield on corporate bonds, all else equal.

Explanation:

Bond liquidity refers to how quickly the bonds can be redeemed and converted to cash. This relates to the ease with which an investor can sell his bond.

High liquidity bonds are costly as they are more in demand and an attractive investment for the investors.

Thus, bond liquidity is directly related to it's price.

The yield of a bond refers to the market rate of return and represents the expectation of the bondholder with respect to rate of return.

A high price bond ( high liquidity) usually pays higher coupon rate of interest which is higher than the market rate of return on similar bonds i.e yield to maturity. This means price of a bond is inversely related to it's yield. Higher the bond price, higher the coupon payment, lower the bond yield.

3 0
4 years ago
Explain how a family, a business, or a group could have private wants.
Neporo4naja [7]
Well if you have a family business your family most likely will invest which is a smart way to start a business but if your business goes down the drain you lost your family investments 
5 0
4 years ago
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